Stock market analyst: Bitcoin will reach $ 5,000 over the next few months

Stock market analyst: Bitcoin will reach $ 5,000 over the next few months

Ronnie Moas, founder of the research firm Standpoint Research, believes that the bitcoin price will cost $ 5,000 over the next year. Bitcoin has just begun to move and can reach $ 5,000 in the coming months, he said.

Moas is a stock market analyst and scholar, who agrees with those who say there will be only 21 million bitcoins and will not be added, which will increase the price. Bitcoin prices have tripled this year, reaching a record 30,25,40 on June 11th. In the past days, bitcoin was traded at $ 2600, which is almost twice $ 968 on December 31, 2016.

Can not stop
Moas added that he could not remain silent, and did not take action against such a worthwhile product, and recently bought his first bitcoin. In an interview with CNBC, the loss of money in the cipher currency market is not more painful than doing it. Moas said he has invested several hundred dollars in Bitcoin, Ethereum and Lightweight through coinbase and plans to invest more in the future. He also plans to release a 40-page report on cryptographic currencies released in the coming weeks. Slow

Over the past days, Shiba Jafari, a technical analyst at Goldman Sachs, said Bitcoin could rise to $ 3915.

Bitcoin price has not been magnified
Moas said there will be some seizures in the next 12 months, but Bitcoin and other ciphered currencies are far from the bubble range.
Because a small amount of global capital has been accumulated in ciphered currencies, these currencies can absorb more of these funds without exaggeration and excessive increase in their true value. According to the McKinsey Global Institute, the global debt and equity ratio has risen to 212 trillion dollars in 2010.

In contrast to the capital market, cryptographic currencies, according to data from the coinmarketcap site, reached less than $ 20 billion in the first half of 2017, to nearly $ 100 billion, which is less than one tenth of the world market value. Bitcoin's market value is approximately $ 42 billion.

Moas added that there are still malls and people will lose a lot of money in this market, as is the case with all emerging technologies. But in his view, cryptographic currencies are coming to fruition. "We are just in the second round of 9 rounds of baseball games," he said. Many people believe that Blocchin technology, which is based on Bitcoin, will change the world system, like the Internet.

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